April 25, 2024
Industrials
Korea’s corporate debt jumps 10% in 2015
[THE INVESTOR] The combined debt of South Korean companies jumped more than 10 percent in 2015, rising to over 6.33 quadrillion won (US$5.34 trillion).
According to Statistics Korea data released on Dec. 16, the combined debt of local companies increased by nearly 600 trillion won in 2015, bringing about an increase of 10.2 percent from the previous year.
In comparison, 2013 saw an on-year increase of 3.4 percent, and 2014 recorded 6.1 percent increase.
By industry, lodging and food relates service providers saw an increase of 16.4 percent, while the construction industry’s debt rose 14.6 percent.
The largest debt was held by the finance and insurance industry, whose total came to over 3.9 quadrillion won, followed by the manufacturing industry at 83.59 trillion won.
By Choi He-suk (cheesuk@heraldcorp.com)
According to Statistics Korea data released on Dec. 16, the combined debt of local companies increased by nearly 600 trillion won in 2015, bringing about an increase of 10.2 percent from the previous year.
In comparison, 2013 saw an on-year increase of 3.4 percent, and 2014 recorded 6.1 percent increase.
By industry, lodging and food relates service providers saw an increase of 16.4 percent, while the construction industry’s debt rose 14.6 percent.
The largest debt was held by the finance and insurance industry, whose total came to over 3.9 quadrillion won, followed by the manufacturing industry at 83.59 trillion won.
By Choi He-suk (cheesuk@heraldcorp.com)
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